#/C>3 


Conf  Pam  12mo  #169 

DTTDEfl7D5/ 


REGULATIONS  AS  TO  BONDS  AND  CERTIFI- 
CATES OF  STOCK  TO  BE  ISSUED  UNDER 
THE  WAR  TAX  ACT  AND  THE  ACTS  SUP- 
PLEMENTARY THERETO. 


CONFEDERATE  STATES  OF  AMERICA,  ) 

Treasury  Department,  V 

Richmond,  January  16th,  1862.      ) 

The  following  Regulations  are  established  for  the 
Bonds  and  Certificates  of  Stock  to  be  issued  under 
the  Act  of  August  19th,  and  December  24th,  1861  : 

1.  The  Bonds  and  Stock  for  one  hundred  millions 
shall  be  issued,  payable  at  periodsof  six  months,  com- 
mencing 1st  of  January,  1864,  and  ending  1st  July, 
1881,  according  to  the  Schedule  hereunto  annexed  ; 
the  interest  to  be  at  the  rate  of  eight  per  cent,  per 
annum,  payable  semi-annually. 

2.  The  exchangeable  Bonds  or  Stock  authorized  by 
said  Acts  shall  be  at  the  rate  of  six  per  cent,  per  an- 
num, payable  semi-annually,  the  principal  payable  at 
the  end  of  ten  years,  and  exchangeable  at  any  time, 
on  demand,  for  Treasury  Notes  at  the  pleasure  of  the 
holder,  for  amount  of  principal  and  interest  due. 


3.  The  form  of  the  six  per  cent.  Bonds  or  Stock 
shall  be  a  certificate  in  the  form  usual  for  Registered 
Stock,  payable  to  the  Treasurer  or  Assistant  Treasu- 
rer, or  Depositary,  or  order,  transferable  by  general 
or  special  endorsement. 

4.  The  Treasurer,  or  any  Assistant  Treasurer  or 
Depositary,  may  receive  Treasury  Notes  from  any 
person  desiring  to  purchase  eight  per  cent.  Bonds  or 
Stock,  or  to  fund  Treasury  Notes.  Upon  receipt  of 
the  Notes,  such  Treasurer,  Assistant  Treasurer,  or 
Depositary  shall  issue  for  the  same,  Bonds  or  Stock 
for  the  amount  so  paid,  if  he  shall  have  them  on  hand, 
and  if  not,  he  shall  deliver  to  the  party  a  receipt  for 
the  amount  paid,  to  be  taken  up  with  Stock  or  Bonds 
bearing  interest  from  the  date  of  the  Receipt,  as  soon 
as  such  Stock  or  Bonds  can  be  procured,  and  the  As- 
sistant Treasurer  or  Depositary  shall  immediately  re- 
port to  the  Treasurer,  and  ask  for  a  remittance  of  the 
proper  Bonds  or  Certificates  of  Stock. 

5.  The  General  Agents  for  the  receipt  of  the  pro- 
ceeds of  the  Produce  Loan,  shall  also  be  authorized 
to  receive  Treasury  Notes  from  any  person  desiring 
to  pay  his  subscription  to  the  Produce  Loan,  or  to 
subscribe  to  the  one  hundred  million  loan.  Upon  re- 
ceipt of  the  amount,  he  shall  issue  a  receipt  for  the 
same,  to  be  taken  up  with  Bonds  or  Stock,  at  the 
discretion  of  the  subscriber,  bearing  interest  from  the 
date  of  the  receipt.  |Ie  shall  immediately  deposit  the 
amount  received  with  the  nearest  or  most  convenient 


Assistant  Treasurer  or  Depositary,  and  report  to  him 
the  details,  to  enable  him  to  procure  the  Bonds  or 
Stock  wanted.  Such  Assistant  Treasurer  or  Deposi- 
tary shall  forward  the  same  to  the  General  Agent,  if 
he  shall  have  them  on  hand,  and  if  not,  he  shall  forth- 
with report  to  the  Treasurer  and  procure  the  same 
from  him.  And  in  all  cases  where  the  Bonds  or  Stock 
for  any  period  called  for  by  any  person  shall  have  been 
exhausted,  those  for  the  next  succeeding  period  shall 
be  furnished. 

6.  In  case  the  Register  can  prepare  beforehand  a 
number  of  Bonds  or  Stock  Certificates  for  any  pe- 
riod, more  than  are  called  for  by  purchasers,  the  Treas- 
urer shall  receive  the  same  and  issue  them  to  his  As- 
sistant Treasurers  and  Depositaries,  in  such  amounts 
as  will  meet  the  probable  demand  ;  and  the  said 
Treasurer,  Assistant  Treasurers  and  Depositaries  shall 
be  charged  with,  and  be  held  liable  to  account  for  the 
same  as  cash. 

7.  Each  Treasurer,  Assistant  Treasurer  or  Deposi- 
tary,  who  shall  issue  any  Bond  at  any  time  other  than 
the  date  thereof,  shall  endorse  the  date  of  issue  upon 
each  Bond — shall  cut  off  and  return  for  cancellation 
any  Coupon  which  may  have  become  past  due,  and 
upon  all  Coupons  for  interest  due  in  part,  he  shall 
write  the  date  of  issue  and  so  much  only  of  such  in- 
terest shall  be  paid  as  shall  accrue  after  such  date. 

8.  The  Register  shall  issue  the  six  per  cent.  Cer^ 
tificates  in  the  names  and  payable  to  the  order  of  the 


Treasurer,  Assistant  Treasurers  or  Depositaries,  in 
such  amounts  and  parcels  as  the  Treasurer  shall  de- 
signate, and  shall  deliver  the  same  to  the  Treasurer, 
to  be  countersigned  by  him.  And  the  Treasurer  shall 
distribute  the  same  among  the  various  Assistant 
Treasurers  and  Depositaries,  according  to  the  demand 
which  will  probably  be  established  for  them  at  each 
place. 

9.  The  several  Assistant  Treasurers  and  Deposita- 
ries shall  be  charged  with  and  be  bound  to  account  for 
the  same.  They  shall  deliver  out  the  same  to  any 
holders  of  $500  in  Treasury  Notes  who  may  demand 
the  same  in  exchange  for  such  Treasury  Notes  ;  and 
upon  such  delivery  the  Assistant  Treasurer  or  Deposi- 
tary shall  endorse  the  same  to  the  said  holder,  or  his 
order,  taking  special  care  to  subscribe  the  date  of 
such  endorsement,  and  to  register  and  report  the 
same" to  the  Treasurer  ;  and  when  they  are  issued  and 
endorsed  by  the  Treasurer,  he  shall  cause  the  same  to 
be  registered  in  his  office. 

10.  Upon  the  demand  of  any  endorsee  of  such  Cer- 
tificate, at  the  office  where  the  same  is  registered,  the 
Treasurer,  Assistant  Treasurer  or  Depositary  shall 
deliver  to  him  an  amount  of  Treasury  Notes  equal  to 
the  principal  and  interest  then  due  upon  such  Certifi- 
cate ;  and  he  shall  make  return  thereof,  together  with 
the  Certificate  to  the  Treasury  Department,  in  the 
same  manner  as  is  now  required  with  Treasury  Notes. 


11.  Iii  cases  where  the  principal  is  not  demanded, 
the  interest  shall  be  paid  in  the  same  manner  as  in 
other  cases  of  Registered  Stock,  except  that,  in  all 
cases,  the  endorsee  presenting  the  Certificate  at  the 
place  where  it  was  originally  registered,  shall  be  en- 
titled to  receive  the  interest,  without  further  proof 
than  the  endorsement  of  the  Certificate,  as  in  cases  of 
endorsement  of  Bills  of  Exchange  ;  and  the  interest 
paid  shall  be  endorsed  upon  the  Certificate,  and  re- 
ported to  the  Treasurer,  by  the  Assistant  Treasurer 
or  Depositary. 

C.  G.  MEMMINGER, 

Secretary  of  the  Treasury. 


Schedule  of  Periods  at  which  Bonds  for  One  Hundded  Mil- 
lions are  issued,  under  Acts  of  August  19  and  December 
24th,  1861. 


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1 

$300,000,000 

$1,288,700 

$1,288,700 

Jan. 

L,  1864 

2 

98,7  J  1,300 

1,340,200 

2,628,900 

July 

I,  1864 

3 

97,371,  i  00 

1,393,900 

4,022,800 

Jan. 

L,  1865 

4 

95.977,200 

1,449,600 

5,472,400 

July 

1,  1865 

5 

94,527,600 

1,507,600 

6,980,000 

Jan. 

1,  1866 

6 

93,020,000 

1,567,900 

8,547,900 

July 

1,  1866 

7 

91,452,100 

1,630,600 

10,178,500 

Jan. 

1,  1867 

8 

89,821,500 

1,695,800 

11,874,300 

July 

1,  1867 

9 

88,125,700 

1,763,700 

13,638,000 

Jan. 

I,  1868 

10 

86,362,000 

1,834,200 

15,472,200 

July 

1,  1868 

11 

84,527,800 

1,907,600 

17,379,800 

Jan. 

1,  1869 

12 

82,620,200 

1,983,900 

19,363,700 

July 

1,  1869 

13 

80,636,300 

2,063,200 

21,426,900 

Jan. 

1,  1870 

14 

78,573,100 

2,145,800 

23,572,700 

July 

1,  1870 

15 

76,427,300 

2,231,600 

25,804,300 

Jan. 

1,  1871 

16 

74,195,700 

2,320,900 

•28,125,200 

July 

1,  1871 

17 

71,874,800 

2,413,700 

30,538,900 

Jan. 

1,  1872 

1 

69,161,100 

2,510,200 

33,049,100 

July 

1,  1872 

1) 

66,950,900 

2,610,600 

35,659,700 

Jan. 

1,  1873 

20 

64,340,300 

2,715,100 

38,374,800 

July 

1,  1873 

21 

61,625,200 

2,823,700 

41,198,500 

Jan. 

1,  1874 

22 

58,801,500 

2,936,600 

44,135,100 

July 

1,  1874 

23 

55,864,900 

3,054,100 

47,189,200 

Jan. 

1,  1875 

24 

52,810,800 

3,176,200 

50,365,400 

July 

1,  1875 

25 

49,634,600 

3,303,300 

53,668,700 

Jan. 

1,  1876 

26 

46,331,300 

3,435,400 

57,104,100 

July 

1,  1876 

27 

42,895,900 

3,572,900 

60,677,000 

Jan. 

1,  1877 

28 

39,3-23,000 

3,715,800 

64,392,800 

July 

1,  1877 

29 

35,607,200 

3,864,400 

68,257,200 

Jan. 

1,  1878 

30 

31,742,800 

4,019,000 

72,276,200 

July 

1,  1878 

31 

27,723,800 

4,179,700 

76,455,900 

Jan. 

1,  1879 

32 

23,544,100 

4,346,900 

80,802,800 

July 

1,  1879 

33 

19,197,200 

4,520,800 

85,323,600 

Jan. 

1,  1880 

34 

14,676,400 

4,701,600 

90,025,200 

July 

1,  1880 

35 

9,974,8C0 

4,889,700 

94,914,900 

Jan. 

1,  1881 

3G 

5,085,100 

5,085,100 

100,000,000 

July 

1,  1881 

pemrulife* 
PH  8.5 


